HK Stock Market Move | Contemporary Amperex Technology (03750) opens more than 4% higher, Ford joins the battery energy storage system market. Technology authorization comes from Contemporary Amperex Technology.

Contemporary Amperex Technology (03750) opened more than 4% higher, as of press time, it has increased by 4.01%, reaching 700 Hong Kong dollars, with a turnover of 2.97 billion Hong Kong dollars. On the news side, Ford Motor Company announced the establishment of a new subsidiary, Ford Energy, to enter the battery energy storage system market. Ford Energy's annual production capacity target is over 20GWh, with target customers including utilities, large data centers, and industrial and commercial users. The first batch of products is scheduled to be delivered by the end of 2027. According to the plan, the company will refurbish its existing manufacturing facilities at its factory in Kentucky for the production of lithium iron phosphate batteries. It is reported that this technology is licensed from Contemporary Amperex Technology. In addition, Century Internet announced the introduction of a strategic investor associated with Contemporary Amperex Technology, and after the completion of the transaction, the new shareholder will hold approximately 38.1% of the company's shares. Century Internet's founder, Executive Chairman and interim CEO, Josh Sheng Chen, stated that the company will work with strategic partners to jointly drive end-to-end innovation in the next generation of AI data center industry.